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14 Amendments of Alain CADEC related to 2015/0270(COD)

Amendment 98 #
Alain CADEC
Proposal for a regulation
Title 1
REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) 806/2014 in order to establish a European Deposit IReinsurance Scheme
2016/12/20
Committee: ECON
Amendment 317 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – point b
(b) credit institutions affiliated to participating deposit-guarantee schemes and subject to consolidated supervision under the Capital Requirements Regulation (CRR) (Regulation (EU) No. 575/2013).
2016/12/20
Committee: ECON
Amendment 352 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article -41 a (new)
Article -41 a Entry into application of this Chapter 1. This Chapter shall apply from no earlier than the latest of the following dates: (a) the date of application, or, where relevant, the expiry of the transposition period of the international standard for Total Loss Absorbing Capacity (TLAC) and of revised rules in relation to a minimum requirement for own funds and eligible liabilities (MREL), for all credit institutions affiliated to the participating DGSs; (b) the date of application, or, where relevant, the expiry of the transposition period of an insolvency ranking for credit institutions, harmonised at Union level, in relation to subordinated debt; (c) the date of application, or, where relevant, the expiry of the transposition period of a framework for business insolvency, harmonised at Union level, in relation to the early restructuring of companies in order to prevent and better handle the pressing issue of non- performing loans; (d) the date of application, or, where relevant, the expiry of the transposition period of an act amending Regulation (EU) No 575/2013 and Directive 2013/36/EU, resulting in a binding leverage ratio requirement with additional requirements for G-SIBs. 2. Without prejudice to paragraph 1, the Commission is empowered to adopt a delegated act in accordance with Article 93 in order to supplement this Regulation by establishing the exact date of application of this Chapter. That empowerment shall be based on a verification, to be conducted in 2023, of compliance with the following conditions: (a) adherence by all credit institutions to the minimum capital requirements in the baseline scenario of an Asset Quality Review (AQR) for all credit institutions affiliated to the participating DGSs in 2023; (b) publication by the Commission, by 31 December 2023, of an impact assessment in relation to the entry into application of this Chapter; (c) proper consideration, as a minimum, of international standards on the prudential treatment of sovereign debt held by credit institutions by 31 December 2023. That delegated act shall set a date of application for this Chapter that shall, in any event, be no earlier than 1 January 2024 and, where that date is exceeded, no later than one year from the time all the conditions of this Article are met.
2016/12/21
Committee: ECON
Amendment 408 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Part IIa – title I – chapter 2
[...]Chapter 2 deleted Co-insurance
2016/12/21
Committee: ECON
Amendment 426 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Part IIa – title I – chapter 3
[...]Chapter 3 deleted Full insurance
2016/12/21
Committee: ECON
Amendment 482 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41j – paragraph 1
1. A participating DGS shall only be reinsured, co-insured or fully insured by EDIS during the year following any of the dates set out below, if, by that date, by EDIS if by 2024 its available financial means raised by contributions referred to in Article 10(1) of Directive 2014/49/EU amount to at least the following percentarges of the total amount of covered deposits of all credit institutions affiliated to the participating DGS: – – – – – – – –t level as described in Article 74b (1). by 3 July 2017: 0.14%; by 3 July 2018: 0.21%; by 3 July 2019: 0.28%; by 3 July 2020: 0.28%; by 3 July 2021: 0.26%; by 3 July 2022: 0.20%; by 3 July 2023: 0.11%; by 3 July 2024: 0%.
2016/12/21
Committee: ECON
Amendment 592 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 b – paragraph 1
1. 1. By the end of the reinsurance period3 July 2024 the available financial means of the DIF shall reach an initial target level of 205% of four ninth of the sum of thethe aggregated minimum target levels that participating DGSs shall reach in accordance with the first subparagraphArticle 10(2) of Directive 2014/49/EU, while the available financial means of participating DGS shall reach 75% of this aggregated minimum target level. By way of derogation from subparagraph 1, where a lower minimum target level has been authorised in application of Article 10(26) of Directive 2014/49/EU, the available financial means of the participating DGSs shall reach 60% of that lower target level.
2016/12/21
Committee: ECON
Amendment 649 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 2 – subparagraph 1
During the reinsurance period eEach participating DGS shall calculate, on the basis of the total amount determined by the Board under paragraph 1, the contribution of each credit institution affiliated to it. It shall apply the risk-based method established by the delegated act according to the second subparagraph of paragraph 5.
2016/12/21
Committee: ECON
Amendment 650 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 2 – subparagraph 2
After the reinsurance period, the Board itself shall calculate the contribution of each credit institution affiliated to a participating DGS. The Board shall apply the risk-based method established by the delegated act according to the third subparagraph of paragraph 5.deleted
2016/12/21
Committee: ECON
Amendment 654 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 2 – subparagraph 3
In all stages of EDIS tThe participating DGS shall invoice, on behalf of the Board, the contribution of each credit institution on an annual basis. Credit institutions shall pay the invoiced amount directly to the Board. The contributions shall become due on 31 May of each year the contribution of each credit institution on an annual basis. The contributions shall become due on 31 May of each year. Member States shall ensure that DGSs have in place adequate systems to determine their potential liabilities. The available financial means of DGSs shall be proportionate to those liabilities. DGSs shall raise the available financial means by risk-based contributions to be made by their members at least annually. This shall not prevent additional financing from other sources. The Board shall invoice and collect the required risk-based contributions of the participating DGSs to the DIF on an annual basis. The contributions shall become due on 31 May of each year. Up to 30 % of the risk-based contributions from participating DGSs to the DIF may be comprised of irrevocable payment commitments.
2016/12/21
Committee: ECON
Amendment 671 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 – subparagraph 1
The Commission ishall be empowered to adopt a delegated acts in accordance with Article 93 in order to specifyupplement this Regulation by specifying, in accordance with this paragraph, a risk-based method for the calculation of risk-based contributions in accordance with paragraph 2 of this Articleof participating DGSs to the DIF.
2016/12/21
Committee: ECON
Amendment 676 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 – subparagraph 2
It shall adopt onethat delegated act specifying the method for the calculation of risk- based contributions payable toby participating DGSs and, for the reinsurance period only, to the DIF. In thisat delegated act the calculation of these contributions shall be based on the amount of covered deposits and the degree of risk incurred by each credit institutionparticipating DGS relative to all other credit institutions affiliated to the same participating DGSs.
2016/12/21
Committee: ECON
Amendment 679 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 – subparagraph 2 a (new)
The risk-based contributions to be paid by participating DGSs to the DIF shall range between 75 % and 150 % aggregate risk weighting (ARW) of covered deposits.
2016/12/21
Committee: ECON
Amendment 702 #
Alain CADEC
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 – subparagraph 4 – point e
(e) the management of credit institution’s business model and managementaffiliated to a participating DGS;
2016/12/21
Committee: ECON
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